Wow ? if the cost keeps rising, I won’t be surprised if the elderly will start committing crimes, because jail is the place where they can get all that for free. ?

Rates do not go up…..it's permanent life with LTC rider…

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Thanks for video. A year ago, my wife and I opted for this type of life insurance. We were so apprehensive about the traditional LTC programs as most companies have either dropped LTC or continue to have yearly high premium increases.

Interesting ideas. New traditional LTCi plans sold after the NAIC Rate Stabilization Model (adopted in most states in the mid-2000s) have seen a fraction of the increases of older products. Modern traditional LTCi plans also have return of premium options which appear to be less expensive than many of the hybrid plans that people find so attractive. There are also cash benefits with modern LTCi plans which will pay well beyond the old "reimbursement only" model. The best news is that the industry is evolving to provide options for everyone! Thanks Byron –

If LTC is truly the priority; a life insurance policy with an LTC rider doesn't leverage well in terms of payout. Why not look into a LTC hybrid where you still have the guaranteed premiums, paid up options as well as a Live/die/quit provision…. Did I mention you can use qualified money and 1035 exchanges to provide unlimited/lifetime income streams for care??

This is a LITTLE disingenuous your 2nd point isn't complete. Rates do go up but you do have the Option of Opting out of the increases it's not a pay higher rates or loose all coverage. Your 3rd point you do have to prove i.e. get a Doctor to say you can't do 2 of the 6 ADL and that this condition is likely to last over a period of time. A lot of policies do allow (through riders) to not ONLY pay a family member but also they will pay for that family member to be trained to do it. The companies deterrent on family members comes from untrained ppl causing MORE issues and increasing the likelihood of a longer than need be claim while simultaneously decreasing the chances of a speedy (if possible) recovery of the affected person Futhermore, most policies do have a percentage cash monthly payout of which you can us as you see fit. with Mutual of Omaha that is 30% of the monthly benefit. Your 4th point should be considered at point of sale. 90 elimination period is an industry standard and most people that are smart and financially sound enough to see the value in LTC in the 1st place usually make enough good life decisions that the 90 days will be more than worth what the pay out AND protection to personal assets will be. Your 5th point……..In most cases there's a small death benefit but even without that the same has ALWAYS been true of care insurance. The hybrid policy you're talking about isn't as versatile as true LTC Go with true LTC it is harder to get but certainly worth it. If you can't qualify for it then go this route. It is a decent option but it doesn't do a fraction of what LTC will do.